https://www.taxtmi.com/caselaws?id=25976 The High Court of Patna clarified the interpretation of section 271(1)(c) of the Income-tax Act, 1961, emphasizing the burden of proof on the assessee to disprove concealment of income. The court criticized the Tribunal for misinterpreting the law and held that the burden remains on the assessee even after the Explanation to the section is attracted. The court highlighted the importance of providing acceptable explanations in penalty cases. Ultimately, the court found the Tribunal erred in not applying section 271(1)(c) and deleting the penalty, reaffirming the onus on the assessee to disprove concealment. en-us Mon, 05 May 1986 00:00:00 +0530 Tue, 02 Feb 2010 10:54:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25976 The High Court of Patna clarified the interpretation of section 271(1)(c) of the Income-tax Act, 1961, emphasizing the burden of proof on the assessee to disprove concealment of income. The court criticized the Tribunal for misinterpreting the law and held that the burden remains on the assessee even after the Explanation to the section is attracted. The court highlighted the importance of providing acceptable explanations in penalty cases. Ultimately, the court found the Tribunal erred in not applying section 271(1)(c) and deleting the penalty, reaffirming the onus on the assessee to disprove concealment. Case-Laws Income Tax Mon, 05 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25976